16,753 Shares in WEC Energy Group, Inc. $WEC Acquired by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. acquired a new stake in WEC Energy Group, Inc. (NYSE:WEC) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,753 shares of the utilities provider’s stock, valued at approximately $1,956,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WEC. Vanguard Group Inc. increased its holdings in WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after buying an additional 819,627 shares in the last quarter. Geode Capital Management LLC lifted its stake in WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after acquiring an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after acquiring an additional 52,467 shares during the last quarter. Northern Trust Corp grew its stake in shares of WEC Energy Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock worth $383,995,000 after acquiring an additional 48,903 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after acquiring an additional 2,136,542 shares during the period. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WEC. JPMorgan Chase & Co. raised their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. KeyCorp decreased their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a research note on Tuesday, August 4th. Mizuho set a $124.00 price objective on WEC Energy Group in a report on Wednesday, May 6th. Finally, Truist Financial reduced their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $106.33 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 12-month low of $102.95 and a 12-month high of $119.91. The firm has a market capitalization of $34.65 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47. The firm has a 50 day moving average of $112.86 and a 200 day moving average of $113.74.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company posted $0.76 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.6%. WEC Energy Group’s payout ratio is 73.84%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.